Alibaba will help Thailand to build e-commerce Business

Alibaba to help Thailand’s e-commerce development

The most popular e-commerce giant in China, Alibaba signed several agreements with Thailand’s Ministry of Commerce to help the southeastern Asian country develop e-commerce here on Thursday.

The deals were signed as Thailand’s Deputy Prime Minister Somkid Jatusripitak headed a delegation to visit Alibaba’s headquarters in Hangzhou.

Alibaba will help small and medium sized Thai firms to expand business in local and international ecommerce websites, according to china daily. It will also help to train Thai government officials on big data and artificial intelligence.

Alibaba will help to develop an efficient logistics system and explore cooperation opportunities in Thailand’s eastern economic corridor.

Jack Ma, chairman of Alibaba, said Thailand can create its own digital economic miracle by embracing new technology and helping its young people to develop the new economy.

In August 2015, Thailand launched a store on Alibaba’s Tmall.com to sell its home brands. In November this year, Alibaba’s financial affiliate Ant Financial announced a strategic investment in Thailand’s payment firm Ascend Money, seeking to use its payment technology to serve more than half of Thai netizens in the next five years.